The City of London Investment Trust plc announces that at the Annual General Meeting held today all resolutions proposed were duly passed, four of which were special resolutions, including resolutions that a general meeting may be called on not fewer than 14 clear days' notice, and to authorise the Company to make market purchases of its own ordinary shares up to a maximum of 14.99% (equivalent to 36,562,089 ordinary shares) at a maximum price per share (exclusive of expenses) not exceeding 105% of the average middle market quotations for the five business days preceding the date of purchase.

The full text of all the resolutions can be found in the Notice of Meeting dated 24 September 2012, copies of which are available for viewing at www.Hemscott.com/nsm.doc